HomeMy Public PortalAbout2012_03_13_O008 2012 Tax RateThe Town of
Virginia
PRESENTED: March 13.2012
ORDINANCE NO. 2012 -0 -008 ADOPTED: March 13.2012
AN ORDINANCE: ORDAINING SECTION 20 -22 (ANNUAL LEVY AND RATE OF TAXES),
ARTICLE II. (TAXATION GENERALLY), CHAPTER 20 (LICENSES,
TAXATION AND MISCELLANEOUS REGULATIONS *), AND APPENDIX
B (FEE SCHEDULE) OF THE TOWN CODE OF LEESBURG SETTING TAX
RATES ON REAL ESTATE, VEHICLES USED AS MOBILE HOMES OR
OFFICES, AIRCRAFT, TANGIBLE PERSONAL PROPERTY, REAL ESTATE
AND TANGIBLE PERSONAL PROPERTY OF PUBLIC SERVICE
CORPORATIONS, AND BANK CAPITAL FOR TAX YEAR 2012; AND
AMEND APPENDIX B (FEE SCHEDULE) OF THE TOWN CODE OF
LEESBURG TO INCLUDE A REDUCED PROPERTY TAX RATE FOR
QUALIFIED VEHICLES WITH A VALUE OF $20,000 OR LESS
The Council of the Town of Leesburg in Virginia hereby ordains:
SECTION I. That Section 20 -22 (Annual levy and rate of taxes), Article II (TAXATION
GENERALLY), Chapter 20 (Licenses, Taxation and Miscellaneous Regulations *) of the Town Code
of Leesburg is hereby reordained to read as follows:
Taxes shall be levied and collected as provided by law on taxable real estate, vehicles used as
mobile homes or offices, aircraft, tangible personal property, public service corporations, and bank
capital in the town for each tax year beginning January 1St and ending December 31St for the support of
the town government, payment of interest on town debt and for other town purposes. Each person
assessed taxes by the town shall pay them as required by law.
SECTION II. Appendix B Fee Schedule
Section 20 -22 Annual tax levy:
(1) Taxes on all real estate and all tangible personal property, except the property of public
service corporations:
7
AN ORDINANCE: ORDAINING SECTION 20 -22 (ANNUAL LEVY AND RATE OF TAXES),
ARTICLE II. (TAXATION GENERALLY), CHAPTER 20 (LICENSES,
TAXATION AND MISCELLANEOUS REGULATIONS *), AND APPENDIX
B (FEE SCHEDULE) OF THE TOWN CODE OF LEESBURG SETTING TAX
RATES ON REAL ESTATE, VEHICLES USED AS MOBILE HOMES OR
OFFICES, AIRCRAFT, TANGIBLE PERSONAL PROPERTY, REAL ESTATE
AND TANGIBLE PERSONAL PROPERTY OF PUBLIC SERVICE
CORPORATIONS, AND BANK CAPITAL FOR TAX YEAR 2012; AND
AMEND APPENDIX B (FEE SCHEDULE) OF THE TOWN CODE OF
LEESBURG TO INCLUDE A REDUCED PROPERTY TAX RATE FOR
QUALIFIED VEHICLES WITH A VALUE OF $20,000 OR LESS
Classification of Property
Rate of Tax per $100.00 per Assessed Value
a. Real Estate
$0.195
b. Vehicles used as mobile homes or offices
$0.195
C. Aircraft
$0.001
d. All other Tangible personal property
$1.00
(2) Taxes of all real estate and all tangible personal property of public service corporations
shall be as follows:
Classification of Property
Rate of Tax per $100.00 per Assessed Value
a. Real Estate
$0.195
b. All other Tangible personal property
$1.00
(3) Tax on all bank capital: $0.80 per $100.00 of the net capital of banks located in the
town shall be established by the council pursuant to Title 58, Chapter 10.01 of the Code
of Virginia.
SECTION III. Section B (FEE SCHEDULE) of the Town Code is amended to include the
following:
Section 20 -24 Tangible Personal Property Tax Rates for Qualified Vehicles
Tangible Personal Property Qualified Vehicle — (Non- Commercial)
Rate of Tax per $100.00 per Assessed Value
a. Up to the first $20,000 of a qualified vehicle
IL48
b. Over the first $20,000 of a qualified vehicle
$1.00
SECTION IV. All prior ordinances in conflict herewith are hereby repealed.
AN ORDINANCE: ORDAINING SECTION 20 -22 (ANNUAL LEVY AND RATE OF TAXES),
ARTICLE II. (TAXATION GENERALLY), CHAPTER 20 (LICENSES,
TAXATION AND MISCELLANEOUS REGULATIONS *), AND APPENDIX
B (FEE SCHEDULE) OF THE TOWN CODE OF LEESBURG SETTING TAX
RATES ON REAL ESTATE, VEHICLES USED AS MOBILE HOMES OR
OFFICES, AIRCRAFT, TANGIBLE PERSONAL PROPERTY, REAL ESTATE
AND TANGIBLE PERSONAL PROPERTY OF PUBLIC SERVICE
CORPORATIONS, AND BANK CAPITAL FOR TAX YEAR 2012; AND
AMEND APPENDIX B (FEE SCHEDULE) OF THE TOWN CODE OF
LEESBURG TO INCLUDE A REDUCED PROPERTY TAX RATE FOR
QUALIFIED VEHICLES WITH A VALUE OF $20,000 OR LESS
SECTION V. Severability. If a court of competent jurisdiction declares any provision of this
ordinance invalid, the decision shall not affect the validity of the ordinance as a whole or any
remaining provisions of the Leesburg Town Code.
SECTION VI. This ordinance shall be effective July 1, 2012.
PASSED this 13th day of March, 2012.
51 Mayor
Town of Leesburg
ATT T-
Clerk k of Co it
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